Source: eKapija | Wednesday, 24.02.2021.| 15:49
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City of Vranje to “Forgive” Yumco’s Debt of RSD 1 Billion in Exchange for Permanent Stake in the Company

Illustration (Photo: Ursa Major/
The members of the City Council of Vranje have adopted the decision on the conversion of the creditors’ claims into a permanent stake in the Yumco company. The debt amounts to slightly over RSD 1 billion, the city website says.

– The reason for making this decision is acting in line with the decision of the Government of Serbia, whereby it is determined that the state creditors are advised, as a PPRP measure, to convert their claims towards the privatization subject in case the PPRP is adopted – it is said.

The decision will be put before the members of the City Assembly for consideration and adoption.
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